Maplebear Inc. (CART) Earnings Call Transcripts
Maplebear Inc.'s Latest Earnings Call - June 4, 2026
In Q2 2026, Maplebear Inc. (CART:US) reported strong financial performance, with revenue growth of 11% to 13% in gross transaction value (GTV), marking the ninth consecutive quarter of double-digit growth. The company maintained its focus on user engagement and efficiency in customer acquisition, signaling a robust outlook for the fiscal year. Management emphasized the strength of their enterprise business and the integration of AI technologies as key drivers for future growth, while also noting a slight increase in average order value (AOV) to $113, reflecting improved consumer engagement.
Reported metrics
| Metric | Value |
|---|---|
| Revenue Growth | 11% to 13% (beat) |
| Average Order Value (AOV) | $113 (positive) |
| Gross Transaction Value (GTV) | null (null) |
| Customer Acquisition Cost (CAC) | null (positive) |
| Enterprise Business Contribution | 20% of GTV (positive) |
| User Growth | null (positive) |
Guidance from management
Management maintained a positive outlook for continued growth, emphasizing user engagement and efficiency as core strategies. They expect GTV growth to remain strong, driven by both marketplace and enterprise segments.
What analysts pressed on
Analysts expressed concerns about the sustainability of user growth and the impact of macroeconomic factors on consumer spending. There were questions regarding the effectiveness of marketing strategies and potential competition from larger e-commerce players.
Main topics on the call
- Sustained Revenue Growth — Maplebear reported an expected GTV growth of 11% to 13% for Q2 2026, continuing a trend of double-digit growth for nine consecutive quarters. Management stated, "We're quite pleased with the 9 quarters of double-digit gr...
- User Engagement and Acquisition Efficiency — Management expressed confidence in user growth as a primary driver, stating, "We expect user growth to be a core contributor to our growth on the order side." They noted improvements in marketing efficiency and customer ...
- Average Order Value (AOV) Increase — AOV rose by 3% to $113, attributed to increased engagement and contributions from club partners. Management explained that this improvement is driven by "engaged users" who tend to shop more frequently and with larger ba...
- Enterprise Business Expansion — The enterprise segment is positioned as a significant growth driver, with management noting, "We think we're one of very few players that do that really effectively." They highlighted the ongoing demand from retailers fo...
Read the full Maplebear Inc. transcript (June 4, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Maplebear Inc.
Maplebear Inc. (CART) is a publicly listed company in the Consumer Staples Distribution and Retail industry, within the Consumer Staples sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 21 calls on record spanning November 8, 2023 to August 6, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 21 Maplebear Inc. earnings call transcripts on record, spanning November 8, 2023 to August 6, 2026. Based on this history, Maplebear Inc. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- CART
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Consumer Staples
- Calls on record
- 21
- First call
- November 8, 2023
- Most recent
- August 6, 2026
- Reporting cadence
- quarterly